First Quarter Of 2018

With this third estimate for the first quarter, the general picture of economic growth remains the same; private inventory investment and personal consumption expenditures (PCE) were revised down (see "Updates to GDP" on page 2). The final reading on first-quarter gross domestic product was expected to show an increase of 2.2 percent, in line with the previous estimate. Growth in the first quarter of 2018 was 2.3 percent, an increase from 1.2 percent in the first quarter of 2017, but a decrease from 2.9 percent in the fourth quarter of 2017.

Unadjusted sales for the first quarter of 2018 totaled $308.7 billion, up $17.3 (1.5) billion from the $291.3 billion recorded in the first quarter 2017, but down $14.4 (2.2) billion from fourth quarter 2017 sales of $323.1 billion. Forecasters surveyed by the Federal Reserve Bank of Philadelphia predicted, on average, a 3.0% annual real growth rate for the first quarter of 2018 and 2.9% for the second quarter of 2018. Gross Domestic Product: First Quarter 2018 (Third Estimate) | Corporate Profits: First Quarter 2018 (Revised Estimate), BEA 18-31

The first quarter of 2018 began as the fourth quarter of 2017 ended: with strong market gains. The Nasdaq led the way by the end of January, posting a monthly increase of almost 7.40%, followed by the large caps of the Dow (5.79%) and the S&P 500 (5.62%). Friday, the Bureau of Economic Analysis (BEA) released its first quarter estimates of the major components of GDP.

This the first full quarter of data released since the passage of the Tax Cuts and Jobs Act. Capital Investment Advisors' Investment Committee looks at 2018's first quarter market performance to help you plan your personal finances & investing. Statoil reports adjusted earnings of USD 4.4 billion and USD 1.5 billion after tax in the first quarter of 2018.

IFRS net operating income was USD 5.0 billion and the IFRS net income was USD 1.3 billion.